EUR/USD to test the 1.1185 March 2022 high post a temporary pause – Credit Suisse

remains in a short-term consolidation phase. Economists at Credit Suisse look for an eventual break higher post this pause.“EUR/USD is still stalling below key resistance at 1.0918/44 and we stay biased towards a consolidation phase below this level. However, post this pause, we believe a breakout above here is now likely, with the next resistance seen at 1.1185.”

“Support is seen at 1.0836 initially, with a break below the low of last week and 21-day exponential average at 1.0776/67 needed to mark a near-term top and more decisive rejection, with support then seen next at 1.0736/25.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

?

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barclays names former Credit Suisse dealmaker Deasy as investment banking co-headBarclays has appointed former Credit Suisse dealmaker Cathal Deasy as co-head of investment banking, the lender said on Tuesday, as Chief Executive C.S. Venkatakrishnan seeks to grow the business and plan for succession.
Source: Reuters - 🏆 2. / 97 Read more »

USD/CAD: Neutral on the Loonie, Q1 target set at 1.34 – Credit SuisseEconomists at Credit Suisse remain neutral on CAD ahead of today’s BoC rate decision, with a 1.3400 USD/CAD target and a 1.3140-1.3800 range for Q1. A
Source: FXStreetNews - 🏆 14. / 72 Read more »

Credit Suisse: 3 Places to Find Returns as Investors Buy Wrong SectorsCredit Suisse's stock chief says investors are piling into all the wrong sectors as they anticipate a recession that won't come. He shares 3 areas of the market will deliver the best returns instead.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Gold Price Forecast: XAU/USD is expected to rally further – Credit SuisseOs Tuesday, Gold XAU/USD registered its highest daily close since April. Strategists at Credit Suisse expect the yellow metal to enjoy further gains.
Source: FXStreetNews - 🏆 14. / 72 Read more »

GBP/USD to gather strength and break 1.2445/47 highs of December – Credit SuisseGBP/USD may hold below 1.2447 for now still, but analysts at Credit Suisse look for an eventual break higher. Break below the 1.1841 January low would
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD Index expected to break below 101.99/30 in due course – Credit SuisseEconomists at Credit Suisse see scope for a pause in the US Dollar Index around key technical levels. However post this pause, there is scope for a de
Source: FXStreetNews - 🏆 14. / 72 Read more »